Filing Flows › Tenaris SA (TS) › Q2 2026 › vs Q1 2026
Tenaris SA (TS) Q2 2026 vs Q1 2026 (quarter over quarter)
Tenaris SA's revenue fell $134M (-4%) from $3.1B in Q1 2026 to $3.0B in Q2 2026. Gross margin 33.2% against 33.9% (-0.7 pts).
Tenaris SA, Q2 2026: revenue $3.0B (-4% year over year), operating margin 16.7%, net earnings $477M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.2% | 33.9% | -0.7 pts |
| Operating margin | 16.7% | 18.8% | -2.2 pts |
| Net margin | 16.1% | 17.4% | -1.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | −$134M | -4% |
| Gross profit | $985M | $1.1B | −$65.5M | -6% |
| Cost of revenue | $2.0B | $2.1B | −$68.4M | -3% |
| Operating profit | $494M | $584M | −$89.9M | -15% |
| Operating expenses | $491M | $466M | $24.4M | +5% |
| Pre-tax earnings | $410M | $461M | −$50.5M | -11% |
| Other expense, net | $83.8M | $123M | −$39.4M | -32% |
| Income tax benefit | $81.9M | $103M | −$21.5M | -21% |
| Net earnings | $477M | $541M | −$63.6M | -12% |
| Minority interests | $15.0M | $23.5M | −$8.5M | -36% |
Questions
How much did Tenaris SA's revenue grow quarter over quarter in Q2 2026?
Tenaris SA's revenue fell $134M (-4%) from $3.1B in Q1 2026 to $3.0B in Q2 2026. Gross margin 33.2% against 33.9% (-0.7 pts).